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Zimbabwe pounces on illicit forex dealers ahead of new currency debut devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
The decision by the Reserve Bank of Zimbabwe to introduce the foreign currency auction system in 2020 has been cited as one of the game-changing decisions made by the New Dispensation in resuscitating the manufacturing industry whose capacity utilisation was at an all-time low of around 35 per cent. In an abrupt turn of events, one leading beverage manufacturer shifted to charging its products strictly in foreign currency in a move that rattled the markets, with the company citing acute foreign currency challenges that negatively affected imports of key raw materials and capital equipment.It was not a scenario only peculiar to the company but the entire manufacturing sector whereby capacity utilisation was at its all-time low of just below 35%. It was long before the Reserve Bank of Zimbabwe introduced the foreign currency auction system which to date has proved to be a masterstroke decision by the apex bank in terms of availing the much-needed foreign currency to industry, while at th ....
NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love. ....
Chiadzwa Villagers Seek to Overturn ZRP Ban of Protest Over Diamond Proceeds zlhr.org.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zlhr.org.zw Daily Mail and Mail on Sunday newspapers.
Rising calls for confidence in banking sector - The Zimbabwe Mail thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.